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2d ago

EU Pushes G7 Coordination in Brussels Talks Over Trump’s 30% Tariff Threat

Brussels has extended a suspension of its initial €21 billion countermeasures in hopes of securing a deal before August 1

Shipping containers and cranes at Hamburg Port in Germany in April. President Donald Trump has threatened a 30% tariff on incoming European products.
Maros Sefcovic, the European Union's trade chief, is pictured speaking to reporters ahead of an EU Foreign Affairs Council meeting to discuss EU-US trade relations, in Brussels, Belgium on July 14, 2025.
EU trade commissioner Maros Sefcovic gestures as he speaks during a press briefing on the second day of the 2025 Ministerial Council Meeting at the OECD Headquarters in Paris, France, June 4, 2025. REUTERS/Benoit Tessier/File Photo

Overview

  • President Donald Trump set a 30% tariff on EU imports effective August 1 after negotiations stalled, warning of steep levies on €1.68 trillion in annual bilateral trade
  • EU trade ministers convened in Brussels under Maroš Šefčovič to intensify efforts for a negotiated settlement and forge a unified response ahead of the deadline
  • The bloc has delayed implementation of its first €21 billion retaliation and is advancing a second €72 billion list of countermeasures to strengthen its leverage
  • The European Commission is formally seeking G7 partners, including Canada and Japan, to coordinate punitive measures and uphold global trade stability
  • Officials caution that a 30% U.S. tariff would effectively halt transatlantic commerce and cripple integrated supply chains in autos, steel and digital services